⚠️BREAKING: *U.S. STOCK FUTURES EDGE LOWER AS INVESTORS ASSESS FED CHAIR POWELL'S INFLATION COMMENTS - $DIA $SPY $QQQ 🇺🇸🇺🇸
- U.S. stock index futures edged lower on Wednesday as investors assessed comments from Federal Reserve Chair Jerome Powell on how long it may take control inflation, while a rise in shares of Microsoft kept losses in check.However, he also said the battle against inflation will take quite a bit of time, acknowledging that interest rates may need to move higher than expected.
"The see-saw sentiment is set to continue as investors wait for fresh data to filter through, which they hope will throw fresh light on the direction of Fed policy."
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